As Coronavirus restrictions begin to ease and our world gradually gets back to normal, it can be complicated (and intimidating) for young people to get started in real estate investing. During the pandemic, the investing world experienced trends and adjustments that had never been seen before – many of which may be shifting yet again as the pandemic lets up, interest rates rise, and inflation continues to climb.
As members of BiggerPockets, we understand and respect the passive income generating and wealth-building aspects of real estate investing. And we may have some young people in our lives who we would like to see begin their real estate investing careers. So how should an aspiring young investor get started?
It’s common knowledge that the best way to get into real estate investing is to surround yourself with people, opportunities, and wisdom related to the industry. So why not get the student in your life started by encouraging them to get a job that will introduce them to the real estate world?
By working a job related to real estate, they will be doing what Robert Kiyosaki calls “working to learn, not to earn.” That is, they will be learning things that can help them in their future endeavors while earning a paycheck at the same time. But the main benefit is what they will learn, not the money they will earn.
In most cases, your student could start by searching for the types of businesses listed below in their neighborhood. Parents and mentors can also ask people they know in the real estate industry if they might be hiring. You never know if that agent who helped you buy a house two years ago might need some office help or if your property manager is looking for an intern.
Here are five strategic jobs young people can use to help them get their feet wet in the real estate investing world.
1. Real estate agent/broker assistant
Real estate agents could always use more help. Offices that house several agents need even more help. And in today’s…